| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP847 |
| DP847 The Theory of Optimum Currency Areas, Trade Adjustment and Trade | |
| Jacques MELITZ | |
| 发表日期 | 1993-10-31 |
| 出版年 | 1993 |
| 语种 | 英语 |
| 摘要 | This paper seeks to integrate more closely the theory of optimum currency areas with the theory of international trade. The currency area is considered as a continuous variable ranging from zero to one: zero if there is no enlargement, and some positive value otherwise, corresponding exactly to the percentage of trade in the enlarged area. The benefits of widening a currency area are then treated in the same way as a reduction in transportation costs. The costs of widening a currency area, in turn, are seen as a drop in the speed of adjustment of the terms of trade to their long-run equilibrium level. On this basis it is shown that the marginal benefits of enlarging a currency area fall, the marginal costs rise, and an optimum size arises. This size depends heavily on the optimal composition of the members, however. |
| 主题 | International Macroeconomics |
| 关键词 | Exchange rate regime International trade Optimum currency area Trade adjustment |
| URL | https://cepr.org/publications/dp847 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529995 |
| 推荐引用方式 GB/T 7714 | Jacques MELITZ. DP847 The Theory of Optimum Currency Areas, Trade Adjustment and Trade. 1993. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Jacques MELITZ]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Jacques MELITZ]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Jacques MELITZ]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
